Q. How Is Alius Different?
With one simple application, we can match your business to over 200 lenders providing you with the best funding options available. Approval is quick, typically within 24 hours of your application. Our platform also creates a marketplace for your business, where interested lenders compete, driving rates and fees down.
Q. How do I apply?
Applying couldn’t be easier. Fill in our online form, which asks for some basic information about your business, and we’ll give you a call to discuss your options.
Q. Does my business qualify?
We provide loans to UK businesses of all types, from startups to well-established companies. If you’re unsure about your eligibility, fill in our application form, and we’ll let you know.
Q. How much can I borrow?
Our lenders offer unsecured loans of up to £1 million. The exact amount you will be able to borrow will depend on the type of loan you’re applying for, and your company’s financial history.
Q. How long can I take the loan out for?
You can choose from a number of repayment options, ranging from 3 months to 5 years, depending on your business needs, and the amount borrowed.
Q. What interest can I expect to pay?
Rates vary from lender to lender. However, our process gives you access to unsecured loans with interest rates starting at 4.3% APR, and working capital loans with rates from 0.8% a month. We will work on your behalf to get you the best deal.
Q. What different loans can you provide?
We offer Unsecured Business Loans, Working Capital Business Loans, and The Property Portfolio Builder.
Q. What is an unsecured loan?
Unsecured business loans are not ‘secured’ against any assets or collateral. Instead, lenders rely on an assessment of your company’s past performance and financial records, along with a personal guarantee in some instances. Find out more, here.
Q. What are the advantages of unsecured loans?
Since lengthy valuations are not required, the application process is quick and often completed within 24 hours. They are commonly used by companies with limited assets or who would prefer not to offer security but have a need for quick finance.
Q. What is a personal guarantee?
Because there is no security, the lender might ask for a personal guarantee. This is a written promise from a Director or Shareholder that guarantees repayment if the business is unable to pay.
Q. What information will I eventually be asked to supply?
Different lenders have different requirements, but do expect to be asked for:
- Turnover and profit/loss
- Bank Statements (usually 6 months)
- Last Filed Accounts
- Loan amount vs Turnover
- Trading History
- Credit details of the directors
Q. Will you run credit checks when I apply?
No. When you apply, we’ll assess your eligibility for a loan based on your business performance, net worth, and trading history.
Q. How long does it take?
It only takes a few minutes to fill in our online form. We’ll give you a call shortly after, and discuss your loan options. Once you’ve decided on the loan you’d like to apply for, you can gain access to your funds in as little as 24 hours.